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**#	TABLE 2: Determinants of Shareholder Engagement
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*Set file path
capture cd "C:\Users\austin.starkweather\Dropbox\Research\CD&A Disclosure\Analysis"
capture cd "C:\Users\joshw\Dropbox\CD&A Disclosure\Analysis"

*Open dataset
use "Data\Temp\cda_final80_final_n20610.dta", clear

*1 SOP against
tabstat eng_ind_p1, by(quint_sop_against_iss) stat(mean n)
ttest eng_ind_p1, by(hi_sop_against_iss)

*2 ISS Against SOP
tabstat eng_ind_p1, by(issrecno) stat(mean n)
ttest eng_ind_p1, by(issrecno)

*3 GL Against SOP
tabstat eng_ind_p1, by(glrecno) stat(mean n)
ttest eng_ind_p1, by(glrecno)

*4 Size
tabstat eng_ind_p1, by(quint_size_w_p0) stat(mean n)
ttest eng_ind_p1, by(hi_size_w_p0)

*5 MTB
tabstat eng_ind_p1, by(quint_mtb_w_p0) stat(mean n)
ttest eng_ind_p1, by(hi_mtb_w_p0)

*6 ROA
tabstat eng_ind_p1, by(quint_roa_w_p0) stat(mean n)
ttest eng_ind_p1, by(hi_roa_w_p0)

*7 Leverage
tabstat eng_ind_p1, by(quint_lev_w_p0) stat(mean n)
ttest eng_ind_p1, by(hi_lev_w_p0)

*8 Sales Growth
tabstat eng_ind_p1, by(quint_salesg_w_p0) stat(mean n)
ttest eng_ind_p1, by(hi_salesg_w_p0)

*9 Abnormal Returns
tabstat eng_ind_p1, by(quint_abn_ret_1yr_p0) stat(mean n)
ttest eng_ind_p1, by(hi_abn_ret_1yr_p0)

*10 Stock Return Volatility
tabstat eng_ind_p1, by(quint_sd_returns_1yr_p0) stat(mean n)
ttest eng_ind_p1, by(hi_sd_returns_1yr_p0)

*11 Operating Loss
tabstat eng_ind_p1, by(op_loss_p0) stat(mean n)
ttest eng_ind_p1, by(op_loss_p0)

*12 CD&A Exempt
tabstat eng_ind_p1, by(src_all) stat(mean n)
ttest eng_ind_p1, by(src_all)

*13 Analysts
tabstat eng_ind_p1, by(quint_analyst_nozero) stat(mean n)
ttest eng_ind_p1, by(hi_analyst_nozero)

*14 Institutional Ownership - All
tabstat eng_ind_p1, by(quint_io_pct) stat(mean n)
ttest eng_ind_p1, by(hi_io_pct)

*15 Institutional ownership - Quasi-Indexer
tabstat eng_ind_p1, by(quint_IO_QIX_orig0) stat(mean n)
ttest eng_ind_p1, by(hi_IO_QIX_orig0)

*16 Institutional ownership - Transient
tabstat eng_ind_p1, by(quint_IO_TRA_orig0) stat(mean n)
ttest eng_ind_p1, by(hi_IO_TRA_orig0)

*17 Institutional ownership - Dedicated
tabstat eng_ind_p1, by(quint_IO_DED_orig0) stat(mean n)
ttest eng_ind_p1, by(hi_IO_DED_orig0)

*18 CEO Turnover
tabstat eng_ind_p1, by(ceo_turnover_all) stat(mean n)
ttest eng_ind_p1, by(ceo_turnover_all)

*19 Equity Pay
tabstat eng_ind_p1, by(quint_equity_pay_ceo) stat(mean n)
ttest eng_ind_p1, by(hi_equity_pay_ceo)

*20 Non-Equity Pay
tabstat eng_ind_p1, by(quint_nequity_pay_ceo) stat(mean n)
ttest eng_ind_p1, by(hi_nequity_pay_ceo)

*21 Board Independence
tabstat eng_ind_p1, by(quint_independent_dir_pt) stat(mean n)
ttest eng_ind_p1, by(hi_independent_dir_pt)

*22 Comp Committee Tenure
tabstat eng_ind_p1, by(quint_comp_committee_tenure_ave) stat(mean n)
ttest eng_ind_p1, by(hi_comp_committee_tenure_ave)

*23 Classified board
tabstat eng_ind_p1, by(td_cboard) stat(mean n)
ttest eng_ind_p1, by(td_cboard)

*24 Dual class shares
tabstat eng_ind_p1, by(dualclass) stat(mean n)
ttest eng_ind_p1, by(dualclass)
